"Schopenhauer tells us of a colony of porcupines wont to huddle together...able neither to tolerate nor to do without one another, until they discovered that when they stood at a certain distance..they could delight in one another's individuality and enjoy one another's company. Unknown to themselves they'd invented civil association"

Tuesday, January 17, 2012

The politics of economics

"Unfortunately, it is seldom possible to insulate economic judgments from political ones, or to expect complicated economic ‘truths’ to be accepted ‘on their merits’.Some parts of the argument have gone over the heads of the electorate while others, in the form in which they are adopted…, have been adopted within an egalitarianising framework which makes nonsense of the rest."